Railways passenger revenue down by 87% compared to last year, says chairman
Indian Railways’ revenue from the passenger segment is down by 87% compared to last year on account of regular passenger trains being suspended due to Covid 19, railway board chairman and CEO VK Yadav said on Friday. The passenger revenue of the national carrier fell from ₹53,000 crore in the previous year to just ₹4,600 crore this year, he added. Yadav also said that, as per the ministry’s estimates, the revenue is expected to go up to ₹15,000 crore by March 2021, adding that freight revenue is expected to overtake last year’s revenue. “It is not possible to give a definite date for resumption of normal train services. The general managers have been in discussion with the state and we will resume services when and where we get the go ahead. Even now, the situation is not normal. So far our earnings from passenger revenue is ₹4,600 crore and by year end, our total earnings from passenger segment would be an estimated ₹15,000 crore. In the last fiscal, our earnings from this segment was ₹53,000 crore. This makes our earnings 87% less than last year,” Yadav said.